Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0083%/8h= −9.0% APRpaid last 24h −0.044%

Price spread now: BloFin against Kraken Futures−0.020%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$570.566% of the position

Long on Kraken Futures Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.020%, 7d avg −0.035%

Together, before fees+0.113%+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.035%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.059%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WLDUSD	0.4527	0.0303	pay 0.0038% / 1h	47m 04s	$870K	$2.8M	50x
Short	BloFin WLD-USDT	0.4526	0.0220	get 0.0220% / 8h	7h 47m	$4.4M	$911K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BloFinbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$17.33
Price spread: −0.020% → −0.035%: $1.47
Slippage, 4 orders: −$34.6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$72.47
Costs to cover: 0.566%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; BloFin: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures live order book, 2 min ago	5.52 bp	17.4 bp −$17	29.5 bp −$295	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	5.53 bp	11.5 bp −$12	15.3 bp −$153	39.7 bp −$3,966	118.7 bp −$59.3K

WLD on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WLD-PERP	−0.0010%	1h	0.4531	+0.102%	$235K	$175K	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4527	+0.002%	$36K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4526	−0.020%	$119K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4529	+0.045%	$65K	—	150x	as long as short
dYdX WLD-USD	+0.0031%	1h	0.4531	+0.084%	$154K	$32K	10x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4525	−0.042%	$27K	$624K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4527	+0.001%	$228K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4532	+0.117%	$54K	$543K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4525	−0.048%	$86.8M	$332.9M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4524	−0.064%	$64.0M	$89.4M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4524	−0.064%	$34.3M	$150.1M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4525	−0.042%	$7.1M	$34.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4525	−0.042%	$41.9M	$55.6M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4522	−0.108%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4524	−0.064%	$29.9M	$31.0M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4526	−0.020%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4526	−0.013%	$132K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4523	−0.092%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4520	−0.161%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4526	−0.021%	$601K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4524	−0.064%	$48K	$237K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4530	+0.068%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4533	+0.135%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4525	−0.042%	$217	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4522	−0.108%	$827K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4526	−0.020%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4522	−0.101%	$208K	$876K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4526	−0.020%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0109%	1h	0.4508	−0.418%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4527	−0.003%	—	—	20x	as long as short
01 Exchange WLDUSD	+0.0192%	1h	0.4532	+0.124%	$324	$55	5x	as long as short
Phoenix WLD	+0.0194%	1h	0.4523	−0.080%	$4K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4525	−0.049%	$4K	—	100x	as long as short
BloFin WLD-USDTshort	+0.0220%	8h	0.4526	−0.020%	$4.4M	$911K	75x
Hyperliquid WLD	+0.0245%	1h	0.4530	+0.075%	$50.2M	$43.1M	10x	as long as short
Lighter WLD	+0.0264%	1h	0.4531	+0.079%	$4.9M	$2.9M	10x	as long as short
Kraken Futures PF_WLDUSDlong	+0.0303%	1h	0.4527	long leg	$870K	$2.8M	50x
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4530	+0.068%	$269K	$1.6M	50x	as long as short